IHS Announces Intent to Acquire Oil Price Information Service (OPIS), a Premier Provider of Petroleum Pricing, News and Analytics

ENGLEWOOD, Colo.–(BUSINESS WIRE)–IHS Inc. (NYSE: IHS), the leading global source of critical information and insight, has signed a definitive agreement to acquire Oil Price Information Service (OPIS), an internationally referenced pricing reporting agency that serves the oil, natural gas and biofuels industries, for $650 million. The acquisition is subject to regulatory approval, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. More details will be provided on the IHS fourth quarter and year-end 2015 earnings call on January 12, 2016. OPIS is the most complete source for U.S. refined petroleum pricing data, news and analytics. OPIS information primarily serves the downstream energy market and helps to further diversify the IHS Energy portfolio. “The acquisition of OPIS represents a new area of business for IHS and gives IHS visibility across the entire petroleum value chain, from wellhead to consumer,” said Jerre Stead, IHS chairman and chief executive officer. “OPIS has continued to grow through the challenges in the energy markets due to the ‘must-have’ nature of its information and analysis for commercial contracts and to settle trades. Specifically, OPIS is the leader in the rack and retail downstream refined products pricing and it

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